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Updated almost 8 years ago,
Where do you hold money while you look for your next property?
Any tips on a liquid "investment" that would be advantageous for keeping funds that will be used to purchase the next investment property.
It doesn't seem to make sense to keep it in a bank account earning nothing, and while I could move it to a savings account earning about 1%, I wasn't sure if you all had any better options that wouldn't put the capital at risk.
I had thought perhaps whole life would be an option, but because I would just be starting out, the cash value in the first year would be only about 20% of what I would put into it. AND I found out that in my state that the cash value can be taken if sued.
Where do you put your money while waiting for the next investment?
Thanks in advance!